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BISKER v. NATIONSBANK, N.A.

No. 95-CV-1782.

686 A.2d 561 (1996)

Morris BISKER, Appellant, v. NATIONSBANK, N.A., Appellee.

District of Columbia Court of Appeals.

Decided December 19, 1996.

Attorney(s) appearing for the Case

Kenneth C. Smurzynski, Washington, DC, with whom Bruce R. Genderson was on the brief, for appellant.

Nicholas T. Christakos, Washington, DC, with whom Jay Y. Mandel was on the brief, for appellee.

Before FERREN, STEADMAN, and FARRELL, Associate Judges.

FARRELL, Associate Judge:

This appeal concerns the refusal of a bank which issued a letter of credit to honor a demand for payment by the beneficiary because a principal document accompanying the demand was not in compliance with the terms of the letter of credit. We join the broad majority of courts in concluding that strict compliance is necessary in this unique setting. As the compliance here did not meet that standard, we hold that the bank breached no contractual...

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